A Manx company is to buy a controlling stake in what’s probably Britain’s most famous haulier.
The Stobart Group is selling 51 per cent of its trucking business to Douglas-based investment firm DBAY in a deal worth around £280 million.
DBAY will pay £195.6 million in cash for Eddie Stobart Logistics and take on £41million of debt
The sale means the new Manx owner can use the iconic Eddie Stobart brand free for four years, before negotiating a licensing deal.
Trade is good, but it's still a struggle to make a profit, says local business
Comes after calls for gov't to do more to help hospitality sector
Villiers Square development plans approved
Two buildings proposed for the site
Developer offers Newson's building to government 'free of charge'
But government minister thinks it wouldn't be appropriate to accept
Financial education course launched through UCM
Two-year course combines various qualifications
TT races have 'inevitable impact' on local businesses, says DfE
Department encourages businesses to get in touch with concerns
Hospitality bosses to attend 'call to arms' meeting
Private event being held at Creg ny Baa today
